The world wide press has given extensive coverage to the problems with the Greek economy and the effect this is having on the rest of the European Union. It increasingly appears that Greece will default on its loans and either leave or be forced out of the Euro zone. This is uncharted territory for both the Greek economy and the European and world wide economy though market reactions seem calmer now than when the crisis first became critical some months ago. No one knows what the final economic outcome will be but the philatelic effects so far have been interesting and unexpected. Greek stamps, from the first Hermes Head issues though later Nineteenth Century, Twentieth Century mint, and Occupations have been very hot since the Greek economic crisis began. This is counter intuitive. If the Greek economy falters or if Greece goes back to it's own devalued currency than logically Greek stamps should experience decreased prices due to lower demand and that demand coming in lower dollar prices from the indigenous Greek market. But perhaps the reason for the surge in demand for Greek stamps is because of all the publicity that Greece is getting. Greece is only a country of 11 million people so domestic demand for stamps not that great. There are many Greece collectors in America and western Europe so no doubt it is their interest that is pushing the Greek philatelic market. But this really an unusual occurrence-news of a country's faltering economy stirring demand for its stamps.